Dream Industrial REIT owns and operates a portfolio of 221 industrial assets (326 properties) comprising approximately 39.8 million square feet of gross leasable area in key markets across North America and a growing presence in strong European industrial markets.

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Overview

High-quality industrial properties across Canada, the U.S. and Europe

$5B

Gross Asset Value

221

Assets

39.8M

sq. ft. of GLA

98.0%

Committed Occupancy

For Dream Industrial REIT assets only as at September 30, 2021.

August 2021

Investor Factsheet

Aerial image of Dream Industrial Warehouse Building in Whitby Ontario with views of the water

Sustainability Highlights

Click Here

Sustainability Reports

2019 Sustainability Report

2019 Sustainability – Dream Group of Companies

Have a question for us?

Investor Inquiries

Dream Industrial REIT 30 Adelaide Street East, Suite 301, Toronto, ON M5C 3H1

Transfer Agent

Computershare Investor Services 100 University Avenue, 8th Floor, Toronto, ON M5J 2Y2

About

Dream Industrial REIT

Dream Industrial REIT is a pure-play industrial REIT that owns high-quality industrial properties across Canada, the U.S. and Europe

Our Strategy

Dream Industrial REIT’s core strategy is to grow our portfolio of industrial properties across Canada, the U.S. and now Europe, providing a solid platform for stable and growing cash flows by:
• owning and operating a high-quality portfolio of industrial assets in markets with strong operating fundamentals;
• investing in our key markets in industrial assets offering long-term cash flow and net asset value growth prospects;
• maximizing the value of our industrial assets through innovative asset management strategies;
• providing compelling total returns to our unitholders, anchored by sustainable cash distributions; and
• integrating sustainability at the corporate and property levels.

Global Acquisition Platform

With a global acquisition platform, we have local, on-the-ground teams with a strong track record of sourcing attractive industrial
assets across Canada, the U.S. and Europe. We have strong established relationships in all our local markets which allows us to
source high-quality and accretive acquisitions with long-term cash flow and net asset value growth potential.

Continuous Portfolio Optimization

We regularly evaluate and benchmark each individual asset in our portfolio, assessing historical and future performance as well
as value growth potential. We identify opportunities to recycle assets within our portfolio and reinvest the proceeds into higher
quality assets that are less management and capital intensive. When evaluating potential acquisitions, we consider a variety of
criteria, including expected cash flow returns; replacement cost of the asset; its location, functionality and appeal to future
tenants; sustainability attributes of the asset and how the asset complements our existing portfolio; and per Unit accretion.

Active Asset Management

Through creative asset management strategies, initiating and executing on development projects enables us to unlock organic net
operating income and net asset value growth. We actively manage our assets to optimize performance, maintain value and attract
and retain tenants. We have local teams across our portfolio with over 80 real estate professionals highly experienced in leasing,
operations and portfolio management operating out of nine regional offices in our key markets. We strive to ensure that our assets
are the most attractive, efficient and cost-effective premises for our tenants.

Conservative Financial Policy

We operate our business in a disciplined manner with a focus on maintaining a strong balance sheet and liquidity position. We
seek to maintain a conservative leverage, naturally hedge foreign currency investments, and build up a high-quality unencumbered
asset pool, while reducing borrowing costs and preserving liquidity

Focused Portfolio Strategy

In Canada, our strategy is to acquire mid-to-large-bay properties primarily in the Greater Toronto Area and the Greater Montréal
Area where we expect to benefit from increased user demand relative to supply of quality industrial product, and where in-place
rental rates are generally below market rental rates and the outlook for rental rate growth is robust. The Trust is also targeting to
increase scale in our existing sub-markets and add to our large urban logistics clusters.
In the U.S., our strategy is to acquire larger bay distribution properties in major markets within the Midwestern U.S., capitalizing
on strong e-commerce demand for distribution assets, steady contractual rent growth and attractive going-in capitalization rates.
In Europe, our goal is to acquire mid-to-large-bay properties in major markets in the Netherlands and Germany. Across these
markets there is growing demand for urban logistics space, increased user demand relative to supply of quality industrial product,
attractive going-in capitalization rates and upside potential from growth in market rents.

Property Management

Dream Industrial Management Corp. provides real estate services – including property management and leasing – to properties owned by Dream Industrial REIT.

Our management team and staff are committed to:

Continually improving the quality of our office communities through efficient property management, value added services for our tenants and capital improvements to our assets; and providing customer service excellence. Our top priority is providing a physical environment essential to the well-being of our tenants and the success of their business.

An important key to our success is our vertically integrated property management operations, which includes tenant services and property operations, lease administration accounting and reporting, and in-house construction management and leasing capabilities.

dreamplus

Our web-enabled response system provides tenants with the ability to submit and monitor their service requests online.

Whether it’s a light bulb that needs replacing or if the temperature is just not right, simply login and enter your request. Should you have any questions or trouble logging in, please contact us at [email protected]

How To: Dream Plus Guide

Portfolio

Overview

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 221 industrial assets (326 buildings) comprising approximately 39.8 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders

Modern, Functional and Well Located Assets

Dream Industrial Warehouse Building in Whitby Ontario

Whitby, ON

Dream Industrial Warehouse Building in the Netherlands

Waddinxveen, Netherlands

Aerial image of Dream Industrial Warehouse Building in Orlando Florida

Orlando, FL

Aerial image of Dream Industrial Warehouse Building in Oakville Ontario

Oakville, ON

Dream Industrial Building in Ede, Netherlands on a cloudy day beside the river with green grass.

Ede, Netherlands

Aerial image of Dream Industrial Warehouse Building in Kentucky

Louisville, KY

Aerial image of Dream Industrial Warehouse Building in Cornwall surrounded by trees.

Charlotte, NC

Blue skies with clouds surrounding Dream Industrial warehouse building in the Netherlands.

Breda, Netherlands

Image of Dream Industrial building in Ohio with an overcast sky.

Columbus, OH

Aerial image of Dream Industrial Warehouse Building in Montreal, QC with blue skies and water in the background.

Montreal,QC

Aerial image of Dream Industrial Warehouse Building in Vaughn, Ontario with city skyline in the background.

Vaughan, ON

Aerial image of Dream Industrial Warehouse Building in Germany surrounded by a village of other buildings.

Frankfurt, Germany

Aerial image of Dream Industrial Warehouse Building in Heerenveen

Heerenveen, Netherlands

Dream Industrial Warehouse Building in Cincinatti, Ohio

Cincinatti, OH

Brown building aerial shot of Dream Industrial's warehouse in Germany.

Dresden, Germany

Our assets by building type

Across our regions, our portfolio consists of distribution, urban logistics and light industrial buildings.

As at September 30, 2021, our investment property value by building type allocated by region is as follows (all dollar amounts in these charts are presented in millions)*

Distribution Buildings

Highly functional big-bay buildings located in close proximity to airports and major transportation corridors, catering to e-commerce and logistics tenants.

Urban Logistics

Small to mid bay properties located close to major population centres and ideally suited to meet last mile distribution needs.

Light Industrial

Mid to large bay assets where tenants have typically invested significant amounts capital and are committed to the space.

Geographically Diverse Portfolio

$5.0B Total Investment Properties Value

Canada

$3.0B 60% of investment properties value

Exceptionally well-located urban portfolio located mostly in the Greater Toronto Area, Greater Montreal Area, and Calgary

Europe

$2.0B 40% of investment properties value

Urban portfolio located close to dense population centres, primarily in the Randstad region within the Netherlands, Germany, and France.

U.S.

25% interest in a US$0.5B private industrial fund

Mid-to-large bay distribution facilities located within a day’s truck drive to over 50% of the North American population

Focused portfolio strategy

In Canada, our strategy is to acquire mid-to-large-bay properties primarily in the Greater Toronto Area and the Greater Montréal Area where we expect to benefit from increased user demand relative to supply of quality industrial product, and where in-place rental rates are generally below market rental rates and the outlook for rental rate growth is robust. The Trust is also targeting to increase scale in our existing sub-markets and add to our large urban logistics clusters.

In Europe, our goal is to acquire mid-to-large-bay properties in major Western European markets. Across these markets, there is growing demand for urban logistics space, increased user demand relative to supply of quality industrial product, attractive going-in capitalization rates and upside potential from growth in market rents.

In the U.S., our strategy is to continue pursuing long-term growth alongside strong institutional partners through our retained 25% interest in the U.S. Fund. A subsidiary of the Trust will provide property management, construction management and leasing services to the Fund at market rates. This is expected to provide a growing income stream to the Trust as the U.S. Fund scales in attractive U.S. industrial markets. This transaction allows the Trust to continue to grow in attractive U.S. industrial markets, improving overall portfolio quality and diversification, while maintaining an enhanced geographic mix.

Learn more about Dream Industrial

Click Here

Investors

Financial Reports and Filings

  • Financial Reports
  • Regulatory Filings

Analysts

Dean Wilkinson

CIBC World Markets 416.594.7194

Michael Markidis

Desjardins Capital Markets 416.607.3028

Frederic Blondeau

Industrial Alliance Securities Inc. 514.875.6483

Matt Kornack

National Bank Financial 416.507.8104

Pammi Bir

RBC Capital Markets 416.842.7805

Himanshu Gupta

Scotia Bank 416.863.7218

Sam Damiani

TD Securities 416.983.9640

Brad Sturges

Raymond James 416.777.7189

Mark Rothschild

Canaccord Genuity Corp. 1.416.869.7280

Have a question for us?

Investor Inquiries

Dream Industrial REIT 30 Adelaide Street East, Suite 301, Toronto, ON M5C 3H1

Transfer Agent

Computershare Investor Services 100 University Avenue, 8th Floor, Toronto, ON M5J 2Y2

Sustainability

Quote image top

Our sustainability strategy enables us to establish meaningful and realistic benchmarks, measure our progress and integrate our environmental and social obligations into the ways we manage our business and create value.

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Brian Pauls

Chief Executive Officer

Sustainability

Environmental

We strive to continuously improve the resource efficiency of our operations, lower any undesired impacts associated with our activities and contribute positively to the transition to a low carbon economy.

Social

We care for our people, tenants, partners and communities by embracing a diverse and inclusive workplace, promoting leading health and safety practices and building inclusive, attainable and sustainable communities.

Governance

We maintain the highest ethical business standards, which includes how we manage and mandate sustainability.

Aerial image of Dream Industrial Warehouse Building in Whitby Ontario with views of the water

Sustainability Highlights

Click Here

Sustainability Reports

December 2019

Dream Industrial REIT 2019 Sustainability Report

Sustainability Reports – Dream Group of Companies

December 2019

Dream Group of Companies Sustainability Report 2019

Dream Industrial REIT Green Financing Framework

June 2021

Green Financing Framework

June 2021

Green Financing Framework Eligibility Assessment

Have a question for us?

Investor Inquiries

Dream Industrial REIT 30 Adelaide Street East, Suite 301, Toronto, ON M5C 3H1

Transfer Agent

Computershare Investor Services 100 University Avenue, 8th Floor, Toronto, ON M5J 2Y2

Team

Management Team

Our team is made up of the industry’s smartest, most dedicated, knowledgeable and experienced real estate investment, portfolio management and financial professionals that have a proven track record of creating value.

Governance

Dream Industrial REIT is committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but also to uphold the spirit of “good corporate governance” and we always strive to communicate in an open, honest and transparent manner.

Board of Trustees

Read more about our Board of Trustees

Committees

Dream Industrial REIT’s Committees assist in the effective fun­c­tioning of the Board and help ensure that the views of Independent ­Trustees* are effectively represented.

Independent Trustee

A Trustee that is independent within the meaning of NI 58–101. An Independent Trustee is one who is not an employee or executive officer of Dream Industrial REIT and who is free from any direct or indirect relationship which could, in the view of the Board, be reasonably expected to interfere with independent judgment.

Audit Committee

Governance, Compensation and Environmental Committee

Executive Committee

Charters, Policies and Declaration of Trust

Dream Industrial REIT is committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but to also uphold the spirit of ‘good corporate governance.’

News

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